The fall in Infosys’ stock has led to a steep fall in the market capitalisation of the company. It fell over Rs 16,600 crore on the back of the fall in the stock.
Indices continued to trade lower in the afternoon session, with the Nifty firmly trading below 9850.
The Sensex was down 301.30 points at 31494.16, while the Nifty was down 82.05 points at 9822.10. The market breadth was negative as 740 shares advanced against a decline of 1,498 shares, while 94 shares were unchanged.
ITC, TCS, BPCL and Bharti Infratel gained the most on both indices. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
The decline in benchmark indices halted in the previous session, Sensex and Nifty steadying at lower levels.
The Sensex was down 243.16 points at 31552.30, while the Nifty was down 61.65 points at 9842.50. The market breadth was negative as 717 shares have advanced, 1322 shares declined, and 102 shares are unchanged. Shares of Infosys have taken a beating on the back of the development around Vishal Sikka. A look at the stock’s movement in the past three years between August 1, 2014 and August 18, 2017, it has moved up 22 percent. Take a look at the chart below.
TCS, ITC, and Bharti Infratel were the top gainers on both indices, while Infosys, Sun Pharma and Zee Entertainment lost the most. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Shares of the India’s second largest information technology services company Infosys plunged as much as 7% on Friday after company’s CEO and MD Vishal Sikka resigned from the post today. Sikkha resigned barely three years after he was appointed as the CEO. Sikka, however, has been appointed as Executive Vice Chairman of the IT consulting major. The stock of the IT company fell tumbled 7.62% to the day’s low of Rs 943. While the shares were among the top gainers yesterday after the share repurchase proposal which is scheduled for tomorrow at the board meeting.
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The Sensex was down 210.84 points at 31584.62, while the Nifty was down 62.20 points at 9841.95. The market breadth was negative as 209 shares advanced against a decline of 742 shares, while 34 shares were unchanged.
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The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 6.8 points at 9904.15. The market breadth was narrow as 1,399 shares advanced against a decline of 1,161 shares, while 138 shares were unchanged.
Infosys and Coal India were the top gainers on both indices, while Cipla, Kotak Mahindra Bank and ACC lost the most. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Markets in Europe opened lower Thursday as uncertainty surrounding internal U.S. policy continued to weigh on investor sentiment despite lessening tensions from North Korea.
The pan-European Stoxx 600 started the day lower by 0.2 percent following a day of gains Wednesday. All major bourses and all sectors bar telecoms were trading in negative territory. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Indian equity markets edged higher on Thursday as tensions between the United States and North Korea eased and optimism flow on the back of Infosys share repurchase, as the IT company said it will consider a proposal for buyback of equity shares later this week. BSE Sensex gained 148 points and NSE advanced 48 points to open at 31,919.17 points and 9,945.55 points respectively. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Equity benchmark indices continued its positive momentum from the previous session, with the Nifty climbing above 9900 in the opening tick.
The Sensex was up 43.94 points at 31814.83, while the Nifty was up 10.95 points at 9908.25. The market breadth was healthy as 519 shares advanced against a decline of 252 shares, while 25 shares were unchanged.For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Equity benchmark indices ended the session on a very strong note, with the Sensex ending 320 points higher and the Nifty ended just a tad below 9900.
The Sensex ended up 321.86 points at 31770.89, while the Nifty ended higher by 103.15 points at 9897.30. The market breadth was positive, but a tad narrow as 1,638 shares advanced against a decline of 946 shares, while 118 shares were unchanged.
Cipla, Tata Motors and Tech Mahindra gained the most on both indices, while NTPC, Asian Paints and Power Grid were the top losers. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Benchmark indices were trading off the day’s low points, with the Nifty hovering 9800-mark.
The Sensex was up 45.85 points at 31494.88, while the Nifty traded higher by 10.85 points at 9805.00. The market breadth continued to be narrow as 1,341 shares advanced against a decline of 753 shares, while 88 shares were unchanged.
Midcaps are back in the green, while pharma, metals, IT and FMCG too gained. Banks were a laggard. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
The dollar hoarded hefty gains on Wednesday after strong U.S. retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions over North Korea simmered down little. North Korean leader Kim Jong Un has delayed a decision on firing missiles towards Guam while he waits to see what the United States does, as Washington said any dialogue was up to Kim. The break in threat and counter-threat was enough for South Korean stocks to bounce 0.7 percent, though they remain well short of the record peak touched last month.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent while Japan’s Nikkei dithered either side of flat.
There was no clear lead from Wall Street, where the Dow had ended Tuesday up a tiny 0.02 percent. The S&P 500 lost 0.05 percent and the Nasdaq 0.11 percent.The economic news, however, was much more emphatic with U.S. retail sales rising the most in seven months in July as consumers spent more on 10 of 13 retail sectors.
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Equity benchmarks continued with its positive momentum from the previous session and opened on a good note, with the Nifty reclaiming 9800-mark.
The Sensex was up 77.14 points at 31526.17, while the Nifty rose 23.05 points at 9817.20. The market breadth was positive as 626 shares advanced against a decline of 186 shares, while 27 shares were unchanged. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Equity benchmarks fell sharply in opening trade, with the Sensex losing more than 300 points and the Nifty trading near 9,700 level.
The 30-share BSE Sensex was down 287.79 points or 0.91 percent at 31,243.54 and the 50-share NSE dropped 93.55 points or 0.95 percent at 9,726.70.
The Indian rupee opened lower by 12 paise at 64.20 per dollar on Friday versus previous close 64.08. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Equity benchmarks cut losses in late trade on short covering, may be after SAT has stayed SEBI order on J Kumar Infra and Prakash Industries and hence the trading in those stocks will be resumed.
The 30-share BSE Sensex was down 266.51 points at 31,531.33 and 50-share NSE Nifty fell 87.80 points to 9,820.25.
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Equity benchmarks fell further in opening trade Thursday, with the Sensex losing more than 100 points.
The 30-share BSE Sensex was down 122.54 points at 31,675.30 and the 50-share NSE Nifty slipped 41.55 points to 9,866.50. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Equity benchmarks ended lower for third consecutive session Wednesday on further profit booking. Geopolitical tensions hit market sentiment.
The 30-share BSE Sensex was down 216.35 points at 31,797.84 and the 50-share NSE Nifty fell 70.50 points to 9,908.05. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Equity benchmarks extended losses in afternoon trade, with the Sensex down 186.08 points at 31,828.11 and the Nifty down 62.40 points at 9,916.15.
About three shares declined for every share rising on the BSE.
Hindalco Industries, NTPC and Vedanta outperformed, up over a percent.
INSECTICIDES INDIA GAINS OVER 4% POST Q1 RESULTS
Shares of Insecticides (India) advanced over 4 per cent after the company reported 67 per cent year-on-year rise in net profit at Rs 30.50 crore for the quarter ended June 30, 2017 against Rs 18.22 crore in the corresponding quarter last year.
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Equity benchmarks continued to reel under selling pressure as the Sensex was down 142.98 points at 31,871.21, dragged by banks, infra, pharma and auto stocks. However, technology stocks and Reliance Industries capped losses.
The 50-share NSE Nifty declined 40.30 points to 9,938.25. About three shares declined for every share rising on the BSE.
Adani Ports and Sun Pharma were top losers among Sensex stocks, down 3.6 percent each followed by HDFC Bank, Tata Motors, ITC, ICICI Bank, Axis Bank and Bajaj Auto. For More Info : www.paceresearchindia.com and Call : 8817774774
Equity benchmarks extended previous day's losses in opening trade Wednesday, tracking weakness in Asia.
The 30-share BSE Sensex was down 91.45 points at 31,922.74 and the 50-share NSE Nifty fell 34.40 points to 9,944.15.
Nifty Bank was down 0.5 percent as Yes Bank, ICICI Bank, Bank of Baroda and Axis Bank were under pressure.
The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 15 paise at 63.78 per dollar against previous close 63.63. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Benchmark indices ended the session on a weak note, with the Nifty closing below 10,000 for the first time in nine sessions.
The Sensex was down 259.48 points at 32014.19, while the Nifty was down 78.85 points at 9978.55. The market breadth was negative as 602 shares advanced against a decline of 1974 shares, while 121 shares were unchanged.
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Indices continued to trade lower in the afternoon session, with the Nifty firmly trading below 9850.
